ITHAX Acquisition Corp. Stock Price

NasdaqCM:ITHX Community·US$312.6m Market Cap

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ITHX Share Price Performance

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Wed, 10 Jun 26

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Snowflake Analysis

High growth potential with mediocre balance sheet.

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ITHAX Acquisition Corp. Key Details

Last Reported Earnings

Mar 31, 2022

Next Reporting Earnings

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About ITHX

Founded: 2020
Employees: n/a
CEO: n/a
WebsiteView website: ithaxacquisitioncorp.com

ITHAX Acquisition Corp. does not significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

Recent ITHX News & Updates

Seeking Alpha • Jul 18

ITHAX Acquisition rallies as shareholders approve $1B SPAC deal with Mondee

ITHAX Acquisition (NASDAQ:ITHX) is up 21% in premarket trading, Monday, after the special purpose acquisition company said its majority shareholders have approved the business combination with Mondee Holdings II in a deal that will value the combined companies at about a $1B. Headquartered in Silicon Valley, California, Mondee is a travel technology company that provides content, technology and distribution product/services. The SPAC deal includes $241.5M cash held in trust by ITHAX and upsized all equity PIPE investment of $70M at $10 per share. Mondee reported 2021 net revenue of $93M, up 41% year-over-year; Net Loss was $38.9M an improvement of 7% Y/Y; and 2021 Adjusted EBITDA loss was $5.5M. ITHAX said transaction is expected to close on July 18, 2022. Upon closing of SPAC deal, Mondee will merge with ITHAX and the combined company’s name will be Mondee Holdings under the “MOND” and “MONDW” for common stock and warrants, respectively. See more SPACs related news here.

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ITHAX Acquisition Corp. Key Details

About ITHX

Recent ITHX News & Updates

ITHAX Acquisition rallies as shareholders approve $1B SPAC deal with Mondee

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